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» I am too pretty for math, but....
Cheer up peeps! History will repeat itself/Crush Expected When Kuwaiti Banks Reopen Today/ I_icon_minitimeYesterday at 6:56 pm by Mission1st

» Interesting article
Cheer up peeps! History will repeat itself/Crush Expected When Kuwaiti Banks Reopen Today/ I_icon_minitimeYesterday at 6:34 pm by Mission1st

» Phony Tony: New Platform, same old song and dance
Cheer up peeps! History will repeat itself/Crush Expected When Kuwaiti Banks Reopen Today/ I_icon_minitimeYesterday at 6:32 pm by Mission1st

» The Craziness of Scam by "Tony TNT Renfrow" and the Iraqi Dinar Currency Scam
Cheer up peeps! History will repeat itself/Crush Expected When Kuwaiti Banks Reopen Today/ I_icon_minitimeTue Jun 11, 2024 12:26 pm by Mission1st

» Even conspiratorial currency speculators aren’t buying a Russian ruble revalue - It’s not the next the Iraqi dinar
Cheer up peeps! History will repeat itself/Crush Expected When Kuwaiti Banks Reopen Today/ I_icon_minitimeMon Jun 10, 2024 1:04 pm by RamblerNash

» Go Russia
Cheer up peeps! History will repeat itself/Crush Expected When Kuwaiti Banks Reopen Today/ I_icon_minitimeSat Jun 08, 2024 5:20 am by Dorotnas

» The Fundamentals of Finance and Pimpy Live
Cheer up peeps! History will repeat itself/Crush Expected When Kuwaiti Banks Reopen Today/ I_icon_minitimeFri Jun 07, 2024 5:02 pm by Dorotnas

» Carnival Rides
Cheer up peeps! History will repeat itself/Crush Expected When Kuwaiti Banks Reopen Today/ I_icon_minitimeFri May 10, 2024 5:03 pm by kenlej

» Go Russia
Cheer up peeps! History will repeat itself/Crush Expected When Kuwaiti Banks Reopen Today/ I_icon_minitimeSun May 05, 2024 10:51 am by kenlej

» Textbook Tony
Cheer up peeps! History will repeat itself/Crush Expected When Kuwaiti Banks Reopen Today/ I_icon_minitimeMon Apr 29, 2024 4:13 pm by Mission1st

» The Rockefellers and the controllers are freaking out right about now
Cheer up peeps! History will repeat itself/Crush Expected When Kuwaiti Banks Reopen Today/ I_icon_minitimeFri Apr 26, 2024 11:16 am by kenlej

» Phony Tony sez: Full Steam Ahead!
Cheer up peeps! History will repeat itself/Crush Expected When Kuwaiti Banks Reopen Today/ I_icon_minitimeSat Apr 13, 2024 11:51 am by Mission1st

» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Cheer up peeps! History will repeat itself/Crush Expected When Kuwaiti Banks Reopen Today/ I_icon_minitimeSat Apr 13, 2024 11:45 am by Mission1st

» Russia aren't taking any prisoners
Cheer up peeps! History will repeat itself/Crush Expected When Kuwaiti Banks Reopen Today/ I_icon_minitimeFri Apr 05, 2024 6:48 pm by kenlej

» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
Cheer up peeps! History will repeat itself/Crush Expected When Kuwaiti Banks Reopen Today/ I_icon_minitimeWed Mar 27, 2024 6:02 am by Ditartyn

» ZIGPLACE
Cheer up peeps! History will repeat itself/Crush Expected When Kuwaiti Banks Reopen Today/ I_icon_minitimeWed Mar 20, 2024 6:29 am by Zig

» CBD Vape Cartridges
Cheer up peeps! History will repeat itself/Crush Expected When Kuwaiti Banks Reopen Today/ I_icon_minitimeThu Mar 07, 2024 2:10 pm by Arendac

» Classic Tony is back
Cheer up peeps! History will repeat itself/Crush Expected When Kuwaiti Banks Reopen Today/ I_icon_minitimeTue Mar 05, 2024 2:53 pm by Mission1st

» THE MUSINGS OF A MADMAN
Cheer up peeps! History will repeat itself/Crush Expected When Kuwaiti Banks Reopen Today/ I_icon_minitimeMon Mar 04, 2024 11:40 am by Arendac

»  Minister of Transport: We do not have authority over any airport in Iraq
Cheer up peeps! History will repeat itself/Crush Expected When Kuwaiti Banks Reopen Today/ I_icon_minitimeMon Mar 04, 2024 11:40 am by Verina

Cheer up peeps! History will repeat itself/Crush Expected When Kuwaiti Banks Reopen Today/

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Post by silkysand Wed Dec 21, 2011 11:30 pm

🎅
REMEMBER THIS?............Now let's keep hold of hope for nothing is lost if you still have hope. God bless.

http://articles.latimes.com/1991-03-24/news/mn-1395_1_kuwaiti-banks


Crush Expected When Kuwaiti Banks Reopen Today
March 24, 1991|From Reuters



KUWAIT CITY, Kuwait — Thousands of Kuwaitis are expected to jam the country's banks today when they open for the first time since the end of the Iraqi occupation.

Customers will be allowed to withdraw funds and to swap pre-invasion money for a new currency issued to make more than $1 billion in pre-invasion dinars stolen by the Iraqis worthless.


"We expect a rush of people," said Issam Asousi, an executive with the Bank of Kuwait. He said it could be a chaotic first week because customers have a lot of questions about their accounts.

Kuwaiti banks continued operating during the seven-month Iraqi occupation under managers brought in from Iraq, but they have been closed since the U.S.-led alliance ousted the Iraqi army from Kuwait a month ago.

When the banks reopen today, customers will be able to withdraw up to 4,000 Kuwaiti dinars, equivalent to about $14,000 at pre-invasion exchange rates from their accounts, and to exchange a like amount for foreign currency.

Balances of customers' accounts will go back to what they were on Aug. 1, a day before the invasion.

Clients will not be able to exchange Iraqi currency issued during the occupation, when Baghdad pegged the rates of the strong Kuwaiti dinar to the far less valuable Iraqi dinar.

The new Kuwaiti money will be exchanged for old at a one-to-one rate.


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Cheer up peeps! History will repeat itself/Crush Expected When Kuwaiti Banks Reopen Today/ Empty Re: Cheer up peeps! History will repeat itself/Crush Expected When Kuwaiti Banks Reopen Today/

Post by IQD4US Thu Dec 22, 2011 12:07 am

Kuwait had an RI - not an RV. Apples and Oranges.
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